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Yuan Cheng Cable Co (SZSE:002692) Debt-to-Equity : 0.87 (As of Mar. 2024)


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What is Yuan Cheng Cable Co Debt-to-Equity?

Yuan Cheng Cable Co's Short-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥992 Mil. Yuan Cheng Cable Co's Long-Term Debt & Capital Lease Obligation for the quarter that ended in Mar. 2024 was ¥1 Mil. Yuan Cheng Cable Co's Total Stockholders Equity for the quarter that ended in Mar. 2024 was ¥1,135 Mil. Yuan Cheng Cable Co's debt to equity for the quarter that ended in Mar. 2024 was 0.87.

A high debt to equity ratio generally means that a company has been aggressive in financing its growth with debt. This can result in volatile earnings as a result of the additional interest expense.

The historical rank and industry rank for Yuan Cheng Cable Co's Debt-to-Equity or its related term are showing as below:

SZSE:002692' s Debt-to-Equity Range Over the Past 10 Years
Min: 0.64   Med: 0.89   Max: 1.17
Current: 0.87

During the past 13 years, the highest Debt-to-Equity Ratio of Yuan Cheng Cable Co was 1.17. The lowest was 0.64. And the median was 0.89.

SZSE:002692's Debt-to-Equity is ranked worse than
83.63% of 2626 companies
in the Industrial Products industry
Industry Median: 0.28 vs SZSE:002692: 0.87

Yuan Cheng Cable Co Debt-to-Equity Historical Data

The historical data trend for Yuan Cheng Cable Co's Debt-to-Equity can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Yuan Cheng Cable Co Debt-to-Equity Chart

Yuan Cheng Cable Co Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Debt-to-Equity
Get a 7-Day Free Trial Premium Member Only Premium Member Only 1.09 1.16 0.97 0.88 0.85

Yuan Cheng Cable Co Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Debt-to-Equity Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 0.99 1.07 0.98 0.85 0.87

Competitive Comparison of Yuan Cheng Cable Co's Debt-to-Equity

For the Electrical Equipment & Parts subindustry, Yuan Cheng Cable Co's Debt-to-Equity, along with its competitors' market caps and Debt-to-Equity data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Yuan Cheng Cable Co's Debt-to-Equity Distribution in the Industrial Products Industry

For the Industrial Products industry and Industrials sector, Yuan Cheng Cable Co's Debt-to-Equity distribution charts can be found below:

* The bar in red indicates where Yuan Cheng Cable Co's Debt-to-Equity falls into.



Yuan Cheng Cable Co Debt-to-Equity Calculation

Debt to Equity measures the financial leverage a company has.

Yuan Cheng Cable Co's Debt to Equity Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Yuan Cheng Cable Co's Debt to Equity Ratio for the quarter that ended in Mar. 2024 is calculated as

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Yuan Cheng Cable Co  (SZSE:002692) Debt-to-Equity Explanation

In the calculation of Debt to Equity, we use the total of Short-Term Debt & Capital Lease Obligation and Long-Term Debt & Capital Lease Obligation divided by Total Stockholders Equity. In some calculations, Total Liabilities is used to for calculation.


Be Aware

Because a company can increase its ROE % by having more financial leverage, it is important to watch the leverage ratio when investing in high ROE % companies.


Yuan Cheng Cable Co Debt-to-Equity Related Terms

Thank you for viewing the detailed overview of Yuan Cheng Cable Co's Debt-to-Equity provided by GuruFocus.com. Please click on the following links to see related term pages.


Yuan Cheng Cable Co (SZSE:002692) Business Description

Traded in Other Exchanges
N/A
Address
No. 8, Yuancheng Road, Guanlin Town, Jiangsu Province, Yixing, CHN, 214251
Yuan Cheng Cable Co Ltd is engaged in the production of power cables. Its product portfolio includes low voltage power cable, medium voltage power cable, high voltage power cable, control cable, cloth wire, overhead insulated cable wire, mineral insulated cable, fireproof cable, special cable, and nuclear cable among others.
Executives
Yu Zhao Peng Supervisors
Yu Guo Ping Directors, executives
Li Zhi Qiang Directors, executives
Yang Xiao Ming Director

Yuan Cheng Cable Co (SZSE:002692) Headlines

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